China's economy grew by 5.3% in the first half of 2025, demonstrating its resilience in the face of global uncertainties and internal challenges. This shows that Beijing continues to play a significant role in driving global growth.

Gross domestic product reached 66.05 trillion yuan (approximately $9.2 trillion), with growth in the second quarter at 5.2% year-on-year. Industrial output of large enterprises increased by 6.4%, with high-tech manufacturing and engineering leading the sector's growth.

Retail sales, a key indicator of consumer spending, rose by 5%, a 0.4 percentage point increase compared to the first quarter. Consumer prices remained stable (the CPI index fell by 0.1%), while the producer price index (PPI) decreased by 2.8%.

Foreign trade grew by 2.9% to 21.79 trillion yuan, with private enterprises showing growth for the 21st consecutive quarter, according to Wang Lingjun of the customs administration. Investment in fixed assets reached nearly 25 trillion yuan.

Employment also saw a slight improvement, with the urban unemployment rate falling to 5.2%, while disposable income per capita increased by 5.4% in real terms.

According to Sheng Laiyun, a representative of the National Bureau of Statistics, the foundations for stable growth in the second half of the year are "solid and reliable," and this positive outlook is also supported by international institutions.

CMG